You may have heard of a reverse mortgage, but you’re not sure if it’s the right choice for you. You may have even put off looking into it because you’re not sure if you qualify. Fortunately, if you have some equity in your home and want to increase your income in your Golden Years, a […]

It’s not looking good for homeownership these days. According to the U.S. Census Bureau, 63.7 percent of households owned their homes at the end of 2016, down from a peak of 69.2 percent in 2004. While there have been small increases in recent quarters, the homeownership trend since the financial crisis continues to trend downward. […]

Saving for a down payment and escalating home prices are two reasons that make it difficult for low income homebuyers to purchase a home. Did you know that the USDA 502-Direct loan program solves these issues and more for homebuyers? Designed for low income families purchasing homes in rural areas, this loan offers a 0% […]

This article originally appeared in NeighborWorks® Southern New Hampshire’s March 2016 Neighborhood Minute Newsletter. To view the entire newsletter, please click here. This past year HOMEteam has expanded home buyer and home owner services to meet the needs of New Hampshire residents. Along with our partners at NeighborWorks® Southern New Hampshire, CATCH Neighborhood Housing and […]

Use this guide to help navigate the buying and borrowing process. There’s more to a mortgage than just a good rate. It’s an exciting experience that can turn overwhelming if you don’t take time to understand the application process. This guide offers the basics on what goes into applying for a mortgage, and will help […]

When Jeremy Charron lost his construction job in the wake of the 2008 housing crisis, he and his wife Siobhan had no choice but to file for bankruptcy. They thought their credit would never recover, even after they got back on their feet, and that their dream of owning a home would remain a fantasy. […]

An important factor in buying your new home is your credit score. This score helps determine the type of loan you qualify for, the interest rate you pay, how much you can spend on a home, and in some cases if you can buy a home at all.

At the onset of each Home Buyer Seminar, everyone in attendance answers a simple question: “How much are you prepared to spend on your monthly mortgage compared to your rent?” The question is simple enough, and most people say they are prepared to spend about $200 more on their future mortgage than they are currently paying for rent. On the surface $200 seems reasonable enough, right?